Crypto Rally: How Bitcoin’s rise in value is ‘good news’ for MicroStrategy
Crypto Rally: How Bitcoin’s rise in value is ‘good news’ for MicroStrategy
Bitcoin surged to an almost 18-month high, reaching $35,198, as cryptocurrencies continued to gain in Asia trade. This rally is good news for MicroStrategy, a US-based company that holds 158,245 bitcoins with an average purchase price of $29,582 each. With the recent crypto rally, the company's bitcoin holdings are now profitable by about $6,000 per coin.
Bitcoin surged to an almost 18-month high, reaching $35,198, as cryptocurrencies continued to gain in Asia trade. This rally is good news for MicroStrategy, a US-based company that holds 158,245 bitcoins with an average purchase price of $29,582 each. With the recent crypto rally, the company's bitcoin holdings are now profitable by about $6,000 per coin.
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Bitcoin surged to an almost 18-month high, reaching $35,198, as cryptocurrencies continued to gain in Asia trade. This rally is good news for MicroStrategy, a US-based company that holds 158,245 bitcoins with an average purchase price of $29,582 each. With the recent crypto rally, the company's bitcoin holdings are now profitable by about $6,000 per coin. 
